HP combining printing, PC divisions
PALO ALTO, Calif. (AP) - March 21, 2012 (WPVI) -- Hewlett-Packard Co. says it will combine its printing and PC divisions to save money, part of the technology company's effort to turn around its business.
The move comes at a time when sales of printers and ink, once HP's lifeblood, are falling amid declining demand and growing competition. HP is the world's No. 1 maker of personal computers. But PC sales are hurting, too, as people turn their attention to tablets and smartphones.
The Palo Alto, Calif., company says the combined unit will be led by Todd Bradley, executive vice president of the PC group since 2005. Vyomesh Joshi, executive vice president of the printing group, is retiring.
It's one of the first major steps taken by former eBay chief Meg Whitman since she became HP's CEO in September.
computers, ebay, business/finance
- Parking dispute turns violent at Cherry Hill Mall 46 min ago
- Sunny and chilly 43 min ago
- Get the 6abc StormTracker app
- WATCH: Action News Online
- Residents return following Bucks Co. hazmat 45 min ago
- Suspect SUV in deadly hit and run caught on camera
- Man, 22, dies after shooting in Chester 5 min ago
- SEPTA trolley collides with taxi in West Philadelphia
- Man gets pinned under van in Logan crash
- Man seriously injured in crash on Roosevelt Blvd.
- Gunfire erupts on Delaware Ave. near SugarHouse Casino 47 min ago
- Malaysia jet may have turned back
- Actress Sheila MacRae of 'Honeymooners' dies at 92
- Photos: $3.25M summer home in Ocean City, NJ
- Sunny and chilly
43 min ago
- Residents return following Bucks Co. hazmat
45 min ago